Graeme Franck from PSG Wealth chose Naspers as his stock pick of the day. The share price is down 20% from R4,000 it reached in late 2017. This puts the share close to a R1,000 discount. Franck said Tencent still looked good and although it seemed expensive with a forward price-earnings ratio of 35, “the growth in Tencent is still present and the discount you are getting at Naspers remains attractive”. OR LISTEN TO THE AUDIO: Listen to all latest podcasts here.
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